Jan 25, 2013 3:00pm EST
on tempur-pedic mattresses. get the most highly-recommended bed in america at closeout prices. plus, get interest-free financing and free same-day delivery. why wait for the new models? sleep train's year end clearance is ending soon. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> well the world is watching. that's what international monetary fund managing director christine lagarde says in a nutshell about how the u.s. addresses its debts problems right now. here is maria with lagarde in the first on cnbc interview. >> let me ask you about the united states. you know, we've been talking about this dysfunction in washington and so many executives come on the program and they say we have money on the balance sheet. we're ready to go. we want to hire. we want to put money to work and yet they don't because of the uncertainty. how much of an issue has this dysfunction been in terms of policy makers unable to come to compromise, stopping the progression of business? >> it's a big issue because it is a big economy
Jan 25, 2013 6:00am EST
. tempur-pedic is trading sharply higher. fourth quarter earnings were 60 cents, estimates 55, and then net sales fell 7% to 341.1 million dollars. that was finally boeing u.s. safety regulators are nowhere near finishing an investigation according to sources. and they also, i guess, are talking about circuit board, cheap little circuit board which now could be part of the issue, i guess, and commentary that could you imagine if you know these crappy little circuit boards that don't cost very much money at all could be grounding the 787. we're going to hang with these guys now, right? i want to talk to austan. this is a continuation of our last conversation and i'd like you here. both of us agreed on camera, we agree on a lot of things, but we agree hat what we want is the private -- >> private sector should be driving growth. >> and then if it were 4% growth, tax receipts go up, more people have jobs. >> yep. >> the government can afford to do more things. so we're both in total agreement. >> yeah. >> that the private sector is what we want -- >> yeah. that is above -- sustainable growth.
Jan 25, 2013 9:00am EST
's the story of tempur-pedic and select comfort. tpx talked about a challenging first quarter, but it really didn't lay blame on anything more than product mix and weakness in europe. yet the stock up now about 12%. 11%. it was up 17% last night after the close on this. now select comfort is down around 17%. it missed on both the top and bottom lines. but it's the reason for the revenue miss that caught my attention. according to the company, the quote, voice of the customer, suggested the fiscal cliff was to blame. if it was the fiscal cliff both companies would have seen it. as for the difference in stock performance, tpx beat, select comfort didn't. both have big short interests. the one that was less bad gets the short squeeze. that's what the market is all about. carl, back to you. >> interesting. somebody's hearing voices, herb. thanks. markets approaching all-time highs today. art cachon is back from ubs. happy friday. >> happy friday to you. i thought the fiscal cliff would have people tossing and turning all night and you would have to buy a mattress. >> very nice. you said can the
Jan 25, 2013 4:00am PST
sunday. get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices. save even more on floor samples, demonstrators, and closeout inventory. plus, free same-day delivery, set-up, and removal of your old set. don't wait, sleep train's year end clearance sale ends sunday. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. more discounts than we knoweth what to do with. now that's progressive. >>> welcome back to "starting point," i'm christine romans. watching your money this friday morning, stocks are said to rise today, the dow, the s&p 500 are not far from five-year highs. microsoft shares are down in premark